Under the framework chapter of measurement, calculate the value of equity from the following financial...
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Accounting
Under the framework chapter of measurement, calculate the value of equity from the following financial information:
Fixed asset and current asset are OMR 85,000 and investment is OMR 42,000. Bank borrowing is OMR 28,000; creditor is OMR 2,000, outstanding expense is
OMR 1,500.
a) OMR 97,000
b) OMR 95,500
c) OMR 97,500
d) OMR 99,000
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